U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices

[Anonymous]

*reducing not overusing ^

[Anonymous]

Anonymous wrote:

Anonymous wrote:This may seem like just one data point, but the median CPI has been coming down EVERY month since January 2023.

It tells us that the steady drop in inflation is over. And I'll just say it, coasting on Biden’s economic policies is over. We're in the Trump economy now.

Biden's policies that gave historic levels of inflation? Thank god his policies are over.

LOL @ "historic" and a complete lack of understanding of what caused inflation during Biden's term. Never learn, learning's for simps!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This may seem like just one data point, but the median CPI has been coming down EVERY month since January 2023.

It tells us that the steady drop in inflation is over. And I'll just say it, coasting on Biden’s economic policies is over. We're in the Trump economy now.

Biden's policies that gave historic levels of inflation? Thank god his policies are over.

LOL @ "historic" and a complete lack of understanding of what caused inflation during Biden's term. Never learn, learning's for simps!

The US actually managed to avoid a lot of the inflation other countries had. COVID and the stimulus bills caused a ton of inflation, but the US was landing the plane on taming inflation without a recession. Now we're looking at both raring their heada at the same time due to Trump's mismanagement and insane tariffs, which is the worst of both possible worlds.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This may seem like just one data point, but the median CPI has been coming down EVERY month since January 2023.

It tells us that the steady drop in inflation is over. And I'll just say it, coasting on Biden’s economic policies is over. We're in the Trump economy now.

Biden's policies that gave historic levels of inflation? Thank god his policies are over.

LOL @ "historic" and a complete lack of understanding of what caused inflation during Biden's term. Never learn, learning's for simps!

The US actually managed to avoid a lot of the inflation other countries had. COVID and the stimulus bills caused a ton of inflation, but the US was landing the plane on taming inflation without a recession. Now we're looking at both raring their heada at the same time due to Trump's mismanagement and insane tariffs, which is the worst of both possible worlds.

It's really incredible how much people seem to forget who was president in 2020. And yes the inflation issues were worldwide. The US economy actually recovered more quickly and better than any other developed country.

https://rsmus.com/insights/economics/american-outperformance-in-the-global-economy.html

[Anonymous]

If Trump fires Jerome Powell and installs one of his lackeys we’ll be in for Argentina/Turkiye levels of inflation

[Anonymous]

Anonymous wrote:If Trump fires Jerome Powell and installs one of his lackeys we’ll be in for Argentina/Turkiye levels of inflation

Come on you don't trust Dow 36000 Kevin Hassett?

https://www.thebulwark.com/p/meet-kevin-hassett-conservatisms

Frankly if he is appointed I really should convert as much cash as I can to EUR, but I am not going to because I don't have the energy to. But the devaluation of the USD will be severe.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This may seem like just one data point, but the median CPI has been coming down EVERY month since January 2023.

It tells us that the steady drop in inflation is over. And I'll just say it, coasting on Biden’s economic policies is over. We're in the Trump economy now.

Biden's policies that gave historic levels of inflation? Thank god his policies are over.

Biden's economy that the WSJ thought was awesome?

https://www.wsj.com/economy/the-next-president-inherits-a-remarkable-economy-7be2d059?gaa_at=eafs&gaa_n=ASWzDAgOiu9cb2JHMIdr4vzraT2oQl8nozJtvWbuDmNVMkIjsH2nm3Ra1PW9Vnqhj3E%3D&gaa_ts=68780667&gaa_sig=F6g1DIaBYVY51V2vVEIF4H_xIDHOWYmExSO1YZKiEzod6dQoAAxHXzRRIi9FPHjh3dDca9jXeYEGpykaRrqF9Q%3D%3D

[Anonymous]

The only surprise to me is that it wasn’t higher but I guess it does take time for the tariff driven prices to take hold. But, a tariff today may be gone tomorrow as Trump has no strategy just knee jerks.

[Anonymous]

Just wait until August.